Stuart will provide us a broad base of knowledge in the industry and we are very excited that he is part of our team,
Arlington, TX (PRWEB) July 26, 2012
SFG Finance LLC (http://www.sfgfinance.com), a purchaser of auto paper from BHPH dealers, new car franchise dealers, finance companies, banks and credit unions, today announced that it has named Stuart Levin as Business Development Manager. In this position Stuart will be charged with expanding SFG’s base of sellers in the portfolio acquisition arena as well as developing flow relationships nationwide.
Levin brings greater than 30 years of auto finance experience to SFG with a proven record of developing relationships across the auto landscape and driving results. He is a well known and highly regarded marketing expert in the underserved automotive lending market. Prior to SFG Finance Levin worked for 14 years at Trac Lending, LLC, most recently as president, with overall responsibility for establishing subprime auto finance operations.
Prior to that, Levin served as C.O.O. at Driveitaway.com, Inc., where he developed and oversaw an upstream remarketing program for fleet lease vehicles. Before that Levin worked at Autobytel, Inc., as Director, Advanced Finance Products, where he developed an operations plan for the fulfillment center of a national lender. He also served as the director of Autobytel’s Used Car Program, and was responsible for strategic planning for the Pre-owned Cyber store.
“Stuart will provide us a broad base of knowledge in the industry and we are very excited that he is part of our team,” stated Robert Chickowski, Senior Vice President-Manager of Portfolio Acquisitions.
SFG Finance purchases existing near prime, subprime, and BHPH auto loan portfolios from franchised and independent auto dealers, as well as finance companies. Portfolio sizes range from $500,000 to $150 million, servicing released; all portfolios are held on balance sheet and serviced internally.
The program is highly efficient with a 7-10 day total turnaround from analysis to closing, and will target accounts with as little as 30 day seasoning. Since the inception SFG Finance has actively purchased and closed portfolios from dealers and finance companies nationwide.
Funding is made possible by SFG’s parent bank, with the added advantage of no need to securitize plus a more stable cost of funds. SFG Finance offers complete transparency and up-front pricing based its superior analytics. A due diligence team will evaluate all loans to maximize the selling dealer or finance companies return without interrupting their existing business, ensuring a seamless transition.
SFG Finance’s tagline is: Turning Paper into Profit … One Relationship at a Time. The company is an active purchaser of auto finance receivables and its executive management team has over 75 years of combined industry experience. It is a wholly owned affiliate of Southside Bank, one of the nation’s largest independent banks with approximately 3 Billion in assets. SFG Finance buys sub-prime through near prime auto paper, servicing released, from banks, credit unions, auto dealers, and other financial institutions nationwide. The company’s aggressive pricing and experience across all credit spectrums make it an industry leader. For more information visit: http://www.sfgfinance.com or call: 800-994-0898.